Lockheed Martin Corporation $LMT Shares Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 23.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 585 shares of the aerospace company’s stock after buying an additional 110 shares during the period. SYM FINANCIAL Corp’s holdings in Lockheed Martin were worth $271,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LMT. Charles Schwab Investment Management Inc. increased its stake in Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after buying an additional 560,457 shares during the period. Nuveen LLC acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $221,790,000. AQR Capital Management LLC grew its stake in shares of Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after purchasing an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after purchasing an additional 302,684 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Lockheed Martin by 59.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock worth $333,859,000 after purchasing an additional 278,121 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT stock opened at $486.96 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $112.68 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The firm has a 50 day moving average of $478.44 and a two-hundred day moving average of $466.74.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a $3.45 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is presently 77.05%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on LMT shares. TD Cowen reiterated a “hold” rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Robert W. Baird boosted their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. UBS Group dropped their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $513.47.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.